Intuitive Surgical (ISRG) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 66.1%
EBITDA Margin: 37.6%
Op. Margin: 30.9%
Net Margin: 29.6%

Op. margin of 30.9% is up 5.2% YoY — cost efficiency is improving. Net margin at 29.6% and gross margin of 66.1% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit